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Alibaba Buys 20% Of Chinese Retail Giant Suning For $4.6B

 Alibaba may be using the internet to let merchants reach Chinese consumers, but the e-commerce giant still retains an interest in brick and mortar retail. How much of an interest, you ask? Enough to invest RMB28.3 billion (that’s around $4.63 billion) in retail giant Suning, an offline rival to its business. Read More